Business

OGRA expected to increase petroleum prices by 8%, announcement on December 31.

Leaders from Iran, Pakistan, Afghanistan attend the Economic Cooperation Organization (ECO) summit in Istanbul.

One of the continuously growing industries, even in times of recession, is event management.

Demand may be covered locally, limiting the need for imports: CFO Naz Khan.

Bilateral trade likely to touch $2 billion.

A photo editing software by Lahore-based IT start-up Pepper.pk became best selling paid application for BlackBerry.

Textile ministry releases funds.

The directors are currently imprisoned on charges of money-laundering.

The issue of gas outages to compressed natural gas (CNG) stations in Punjab seems to have been resolved.

Introduction of wider range of services crucial to increase acceptance.

Gas company says other provinces should announce load management plans.

FBR’s target for the month is Rs147b, shortfall expected.

Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.2 per cent or 23.56 points higher at 11,848.62.

Govt allows export of 2.5m bales despite deadline expiry.

Domestic flights continue to run smoothly, says PIA spokesperson.

Vegetable being trucked in from Pakistan at one-fifth the price.

Privatisation Commission board fails to convince members for privatisation of Pakistan Steel Mills.

Gas officials in Faisalabad issue notices to factories for the suspension of gas supplies for four days a week.

Shaikh admits to failure to implement new tax structure.

SSGC restrained from stopping the supply of gas to CNG stations by Sindh High Court.

Present economic conditions challenging, require hard work from new entrants in accountancy, says Indus Motor CEO.

Floods hamper sowing of wheat, 1mn acres not cultivated because of damage to irrigation facilities.

Education and training of youth for progress and development streesed at BBSYDP and ILO workshop.

All CNG and petrol filling stations will stage a strike in Lahore on December 27 and 28 to protest gas outages.

State Bank gives the green signal for the merger of Atlas Bank Limited with Summit Bank Limited.

Khanani and Kalia's directors to appear in court after US-based company files petition to recover its money.

Karachi bourse eased on Tuesday as investors continued to book profits led by oil stocks.

Orders for around 50,000-100,000 tons of potatoes from Russia likely.

700 Pakistani passengers stranded at UK airports for days due to harsh weather conditions.

Collection of electricity supplying companies’ dues continues to drop, 4 companies unable to pay World Bank.

Pakistan State Oil seeks another 780,000 tons of fuel oil after buying it at premiums of $20-22 a ton last month.

Government seeks 9 month extension of $11.3b bailout package.

Omantel approves thirty five million dollar guarantee to imporove Worldcall's financial health under a 5-year plan.

Onions from Lahore arrive in Chandigarh, India amid soaring prices of the vegetable in Pakistan.

Experts from Australia and United States to deliberate RGST issue with provincial and federal governments in January.

Nishat Mills had acquired a 32% stake in the power company just 6 months ago.

Sindh Food Department signs agreement with IFC for construction of modern grain storage facilities.

Decision to resume gas supplies comes after Shahbaz Sharif’s meeting with the prime minister.

Approval from parliament for RGST not required as it aims to re-enact tax structure of Sales Tax Act of 1996.

State Bank of Pakistan opposes granting cane purchase receipts the status of promissory notes.

Finished textile product producers warn of rising unemployment, analysts value exports for fiscal year 2011 at $22b.

Moody’s Investors Service keeps its negative outlook unchanged for the five largest banks of the country.

Thirty three megawatt Harpo project to be constructed on Harpo Nullah.

The prices of 241 stocks went up as the KSE-100 index ended 57.56 points higher at 11, 844 on Monday.

Deficit stands at $6.5b; imports and exports grow in double digits.

The iPhone may do a lot of things that that the Torch does not. However, whatever the Torch does do, it does better.

Why should China give us even one per cent of her forex reserves? Why should we salivate at the prospect?

Acute gas shortages have started taking a heavy toll on industry in Punjab with no immediate solution in sight.

SBP’s decision to pump up the discount rate seems justified to counter rising inflation.

How free-of-charge services go beyond altruism.